Essays on Stakeholder Theory

Introduction

The globalization of business, as well as the rise in the movement of the workforce across the geographical borders and nations, have significantly increased the diversity in the workplaces. The contemporary organizations come in all shapes and sizes. Most of them now have employees from diverse cultural backgrounds. With the increased workforce diversity, especially within the multicultural organizations, the concept of organizational justice has increasingly become vital. Notably, many researchers continue having an interest in this concept (Colquitt et al., 2001). The HR is required to ensure that organizational justice prevails so as to prevent conflicts in the workplace. ...

Introduction

There are several reasons why the annual Burning Man festival is unique among mass gatherings. Held in the Black Rock section of America’s Great Basin desert in Nevada, Burning Man’s 70,000 participants construct a city that houses—and in itself functions as—a participatory performing arts space, a communal spiritual retreat, and a cathartic experience of radical self-expression (Brill 2007). Then, one week later, they tear it all down, pack everything out, and leave no trace behind. It is an anti-market event (Cesewski & Giles 2007) whose participants rely on gift-giving and barter to secure any necessities ...

Introduction

This report aims to analyse the Triple Bottom Line theory in accordance to sustainability methods and processes. The event which will be related to this study will be Tomorrowland the festival which has been held since year 2005. The sustainability policy of the event’s business processes and operations will be critically assessed and appraised which will be aligned with suitable recommendations for more effective sustainability methods.

Tomorrowland

Tomorrowland is an Electronic Music Festival held in Boom, Belgium every year since 2005. The target audience of the festival are young adults from ages 18 to 27. Their socioeconomic target are ...

Every business entity has stakeholders who are individuals or a group of individuals that are directly influenced by the success or failure of the entity. “Stakeholder Theory is a view of capitalism that stresses the interconnected relationships between a business, its customers, suppliers, employees, investors, communities and others who have a stake in the organization” (Stakeholdertheory.org, 2014). This theory was developed with a view to effectively manage and create value to an organization. There are two branches of stakeholder theory namely, the ethical or normative branch and the positive or managerial branch. The Normative or Ethical theory argues that ...

Introduction 3

Earth Hour at Hilton Woodland Hills 3 2015 Earth Hour Activities 4

Business Strategies and Commitments 4

Analysis: Significance of Earth Hour Activities 5 Application of Stakeholder Theory, CSR, and TBL Approaches 6 Stakeholder Theory 6 CSR 8 TBL 9 Conclusion and Recommendations for Sustainability 9 Hilton Woodland Hills/Los Angeles Earth Hour Commitment and Sustainability Report Introduction Hilton Hotels and Resorts, one of the leading and most prestigious hotels in the world, is the organization that will be tackled in this report based on its participation in the 2015 Earth Hour. Hilton Hotel is considered to be one of the titans in the industry ...

REPORT

Report

The research aims at analyzing PMIBoK5 to identify the topic coverage for P3M, entailing the areas concerned with P3M, and to identify the influences in PMIBoK5 affecting the approaches as well as the methodologies of P3 Management in the diverse project environments.

Deliverables

Project Management Institute Body of Knowledge (PMIBoK) entails a term describing the totality of knowledge within project management as a profession. The areas of coverage concerned with the P3 management include the project scope management, project quality management, project cost management, project risk management, project stakeholder management, project procurement (Haimes 2015, p. 41).

Related Scope Factors to P3 Management

Project scope management. ...

Abstract

The current discussion is aimed at the dissection of ethics, corporate social responsibility and sustainability of British Petroleum (BP) by taking the case of Gulf of Mexico Oil Spill in to consideration. By commencing the discussion with an overview of the externalities present in the oil industry, the pressures on oil companies are examined which is further evaluated through the application of stakeholder theory and the theory of utilitarianism. In the case of BP, it is revealed that the resort to CSR was primarily a reactive measure to correct its tainted brand image and save it from reputational risks. ...

Introduction

Quarry is a place that provides rocks, dimension stones, riprap, aggregates, gravel, sand, and other minerals and raw materials are excavated. Quarrying is included in the mining industry and is helpful to extract minerals and elements essential for civil engineering works and buildings. The output from quarrying is sold to different end users that carryout the marketing and promotions for the products. In Nigeria, Akamkpa Quarry is a source of stones and various forms of granite that are used for constructions and building works. The Quarry receives millions of dollars in international investment and contractors and international business rely ...

Reasons why the stakeholder theory is considered a bold proposal

Freeman defines a stakeholder as anyone who has an interest in the decisions that are reached by a firm. In a narrower sense, it is any party which is extremely significant to the success, as well as, survival of an entity. Their examples include customers, the community and also the owners of the corporation. Essentially, the stakeholder theory would thus refer to the appropriate business procedures that advocate for morals and also values in the management of business entities. This is very significant for the promotion of the ethically desired behaviors in the operations of the business. In relation ...

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Implications of market structure for business and consumers

In a nutshell, economists define a market structure as the characteristics of the market which encompass competitive and organizational characteristics. However, a salient feature used in describing market structures is the number of firms in the market, which in turn dictates the nature of competition and pricing mode. As such, there exist four market structures, which are oligopolistic, monopolistic, perfect competition, and monopoly market structures. Each of the four market structures reflects a generic characterization of a real type market (Nancy and Kamien, 1982). Undeniably, the market structures direct the behavior of firms in the market. ...

Introduction

Many companies engage in corporate social responsibility engaging in charitable acts. There has been focused attention on this topic. Milton Friedman suggested that corporate social responsibility applies only to the shareholders of the company. Other parties should not be considered. The managers should only concentrate on maximising shareholder’s wealth and ensure the firm constantly makes profits. This concept goes against the widely held view that a company should practice social responsibility to several stakeholders such as the customers, employees, suppliers and the local communities. The concept proposed by Milton is known as the Shareholder Concept of social responsibility while ...